FinTech
Singapore’s Pave Bank launches with $5.2M funding round for programmable money
Singapore-based multi-asset and programmable bank Pave Bank has been launched with $5.2 million seed money. The seed funding round was led by 468 Capital with participation from Quona Capital, Financial Technology Partners, BR Capital, w3.fund, Daedalus and angel investors.
01Fintech invests $20M in Validus to drive SME financing in the Southeast Asia region
01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specializing in financial technology in Southeast Asia, has on Wednesday announced a significant $20-million investment in Validus, a small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.
Asia fintech scene gives VC investors confidence about their profits
Venture capital investors aim to protect their investments for a duration ranging from 3 to 10 years. The sooner they invest, the longer they have to wait for a return on their investment. The current investment sentiment in Asia seems to suggest that investors believe this market carries fewer long-term risks compared to other regions. As such, investing…
YouTrip teams up with Google Pay to make payments seamless
YouTrip, Singapore’s multi-currency e-wallet, has on Wednesday announced its integration with Google Pay, enabling Android users the convenience to make secure and effortless payments. This integration marks another significant milestone in YouTrip's journey to empower users with a more seamless, and smarter experience across different payment options…
OCBC partners fintech firm MOBY to provide more payment collection options for micro merchants
OCBC Bank (Malaysia) Berhad (OCBC Bank) is collaborating with Malaysian fintech firm MOBY Group (MOBY) to enable small and micro merchants with pop up stores or kiosks to widen their payment collections beyond QR pay and cash.
Capital A’s airasia MOVE quarterly revenue up 68 percent on year to $36.59 million
Airasia MOVE, the travel, lifestyle and financial digital platform of Malaysia-based Capital A, has posted quarterly revenue of MYR 171 million ($36.59 million), up 68 percent year on year.
Leading the Asia Pacific fintech revolution with low-code
As the #fintech space in #APAC grows saturated and user choices widen, customer loyalty and trust are paramount. This means that organizations need to get creative with their product strategies and find the most efficient ways to enhance every touchpoint on the consumer journey. High-performance low-code is the gas pedal that enables companies to do so…
Japan is finally pivoting from paper ledgers to fintech
The #Japan #fintech market is also entering a turning point, from closed to open, from homogenous to diversified. And while this market is still in the early stages with both founders and consumers still figuring out how this change will subvert decades-old habits, the biggest opportunities are often born out of the initial chaos. The first to snatch the…
Grab-backed GXBank officially open to Malaysians
Grab-backed digital bank GX Bank Berhad (GXBank) has officially opened its app to millions of Malaysians. Looking ahead, GXBank will progressively be rolling out additional features which will also include their debit card – GX card and how its various features will benefit Malaysians, GXBank said in a statement on Thursday.
Funding Societies partners Halal Development Corporation to enhance financing access to halal SMEs
Singapore-based digital finance platform Funding Societies has partnered with a Halal Development Corporation Berhad (HDC), a Malaysian federal government agency under the Ministry of International Trade and Industry (MITI), to enhance financing access to halal small and medium-sized enterprise (SMEs).
